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20130623
Search Results 0 to 17 of about 18 (some duplicates have been removed)
into the american economy to help the global recovery. but christine lagarde is urging the bank to roll back its monetary easing in the future. the imf managing director spoke after releasing an annual report on the health of the u.s. economy. she said the feds quantitative easing helps the recover ne the u.s. and supports the global economy. >> there is no need to rush to exit from monetary accommodations given the still large output gap, gishton subdued growth that we have, and given the well-anchored inflation expectations. >> lagarde says the monetary easing should continue at least through the end of the year. the fed is buying $85 billion in bonds and other assets each month to lower borrowing costs and stimulate employment, but investors speculate it may start tapering off these stimulus measures. the imf report notes markets could overreact leading to a sharp increase in long-term interest rates and volatility of international markets. >>> united nations officials say they expect average life spe expectancy around the world to rise to almost 82 at the start of the next century and they e
fiscal policies. opinions are divided on how the growth plan can lift the economy. nhk world's chie tanaka has more. i >> reporter: cabinet ministers gathered on friday to give final approval on the new economic growth plan. its purpose is to make japanese businesses more competitive and to bolster the country's economy. the plan includes tripling the value of infrastructure exports by 2020 to over $300 billion. it also calls for establishing special economic zones to provide tax incentives and permitting sales of medicine online. abe also wants to promote the export of medical services and technologies to a market worth over $50 billion by 2030. some private firms welcome the new growth plan. japan's the leading manufacturer of medical image equipment is one of them. >> translator: we are looking forward to promoting our high quality medical products with government support. >> reporter: one economist says a growth plan with specific goals bodes well for the economy. >> setting a new target over prime minister's abe's growth strategy is very easy to understand, what trend of the po
the economy and improve relations with the west. >>> group of eight leaders are in northern ireland for their annual summit to discuss a wide range of issues including the conflict in syria. >>> "the guardian" newspaper says british agents spied on foreign politicians and officials in 2009 during a g-20 meeting in london. >>> iran's president-elect has held a news conference in tehran. hassan rouhani made a victory speech. he said his administration will rebuild the economy and improve relations with the international community. president-elect hassan rouhani held a news conference for the first time after winning majority of votes in friday's election. nearly 400 journalists attended. >> rouhani ime promised to improve the economy in relation to international. >> rouhani garnered 55% of more than votes. moderate and reformist groups came together to help him. but he'll have to work with hard-line conservatives if he wants to push his agenda forward as they occupy majority in the parliament. he'll be inaugurated in early august succeeded outgoing president mahmoud ahmadinejad. >>> l
. >>> the leaders of the world's wealthiest economies have shared their thoughts on everything from global financial markets to the civil war in syria. but they didn't always agree. the heads of the group of eight nations wrapped up their summit at a resort in northern ireland. they said they would take a tougher stance on money laundering, but offered few specifics. >> we launched negotiations on the biggest bilateral trade deal in history. we agreed a lock earn declaration that has the potential to rewrite the rules on tax and transparency for the benefit of countries right across the world, including the poorest countries of the world. >> the leaders agree that tax authorities in their countries would do more to share information. they want to better track the profits of international corporations to make sure they pay their fair share. they found less common ground on syria. >> it's no secret that there were very different views around the g-8 table. but we all share a vital interest in bringing this conflict to an end, and helping the syrian people to achieve the change they want. >> cameron sa
are noticing changes in the economy so they're planning some changes for themselves. ai uchida joins us from the business desk. what do they see? >> they've seen the housing market improve, consumer confidence, household spending. in fact when the chairman of the u.s. federal reserve looks to the future, ben bernanke likes what he sees ahead for the economy. the central bank has pumped billions into financial markets over the last several years, but bernanke says later this year the fed could begin slowing the pace of stimulus. federal reserve policymakers released a statement after meeting for two days. they decided to continue buying government bonds at the current rate of $85 per month. but bernanke says they could change their tactics as the labor market changes. >> and if the subsequent data remain broadly aligned with our current expectations for the economy, we would continue to reduce the pace of purchases in measured steps through the first half of next year ending purchases around midyear. >> bernanke said the jobless rate should be down to around 7% from the current 7.6% by the ti
reserve had fuelled gapes for months investing billions to get more money 234r0eing through the economy. the central bankers suggested that if the recovery continued, they could scale back investments. ben bernanke said they would evaluate threats and believe the risk for the economy have diminished. investors don't like what nay are hearing. they fell by about 3%. and they are hoping for more stability to close out the week. managers at japan's biggest banks have their own executives at bank of tokyo ufj agreed to pay $250 million to regulators in new york. they transferred billions to countries facing u.s. sanctions. they moved $100 billion to iran, myanmar and sudan in violation of new york state law. between 2002 and 2007 they carried out about 28,000 such transactio transactions. managers instructed employees to strip information from wire transfer messages that could identify countries and people subject to international sanctions. bank officials say they have been working since 2007 to meet obligations. they said in a statement that they are cooperating with the regulators. u.s.
the measures taken by the u.s., eurozone and japan helped reduce risks to the global economy. economic activity and employment in most advanced nations have yet to recover. they also referred to the policies and challenges of certain countries. they said japan's economic growth will be supported by short-term fiscal stimulus and easing and the strategy for boosting sector investments. the leaders said japan will need to compile a medium term plan to improve the fiscal standing. prime minister abe announced other g 8 leaders said japan's economic recovery was positive for the global economy. >> translator: i told the other leaders that japan needed drastic measures like my three hours to call the country out on deflation. and the figures for production, consumption, and the job market have already improved. i told them we need to promote more growth strategies. the leaders approached me with various opinions, but i won their approval regarding japan's economic policies. >> u.s. markets ended higher after upbeat housing data boosted sentiments later today on tuesday. the dow jones gained nearly 3
stock prices up worldwide and has spurred a recovery in the global economy. but at a hearing before congress on march 22nd, ben bernanke hinted at the possibility of scaling down the monetary easing policy. >> if we seek continued improvement and we have confidence that is going to be sustained, then we could in the next few meetings take a step down in our pace of purchases. >> the remarks triggered worldwide market volatility. the following day the nikkei and tokyo index stumbled. comments also changed the currently trends and the dollar briefly fell to the 93 yen level earlier this month. economists point out that chairman bernanke's comments could positively impact the japanese economy if it can get rid of market uncertainties. >> translator: once the u.s. policy direction becomes clear, investors may move more into riskier assets then the yen could again enter a declining trend and spur hopes for stock market advance. >>> it hasn't been long since the idea of 3d printing seem like pure fantasy. now the people who make these machines are displaying their latest models as one of
. that's if the economic recovery continues. the fed had upgraded its outlook for the american economy, and this prompted investors to buy the dollar. the u.s. currency is stronger against major currencies. dollar/yen right now at 97.94-98. euro/dollar right now is at 1.3207-3208. let's turn our attention to the stock market. now the possibility of the fed tapering its stimulus program caused global investors to be more risk averse. major european markets taking a london's ftse down by 2.3%. frankfurt down by 2.3% and cac403.3%. market players are also cautious as they received a mixed bag of economic data. the latest business activity report for the eurozone shows a contraction, but it's also the smallest downturn since march 2012. meanwhile, germany's producer price index fell more in may than in april. investors sold shares after receiving economic data showing the largest contraction in china's manufacturing activity in nine months. hong kong is one of the biggest losers. hang sang dropped 2.88%. japan were capped. the nikkei average wu down by 1.74%. on the decline in the asian ma
the country's economy. they say the government will ask companies to do more to support female employees. the cabinet approved an annual report on gender equality. it says women are a potential pillar of economic growth as japan's economy undergoes drastic change. but the white paper says women in japan account for only 11% of managerial positions. that compares to 53% of the philippines and 43% in the united states. it says 28% of female employees in japan resign when they marry, 36% quit when they give birth to their first child. it notes that many who return to work can only get non-regular jobs. allow employees to balance work with raising children. >>> the family of a chinese human rights activist is living in fear about his latest campaign. chen guangcheng is scheduled to visit. chinese authorities may react with more harassment against members of his family. chen has spent years challenging authorities about forced abortions and sterilization under china's one-child policy. in 2005 they placed him under house arrest. he escaped last year and fled to the u.s. embassy in beijing. go
in northern ireland to share thoughts on everything from the economy to the civil war in syria. they are spending the final hours of the annual g-8 summit talking about how to counter-terrorism and to deal with tax evasion. british prime minister wants them to quit paying ransom to kidnappers. he said that would cut off a main source of funding for terrorist organizations and reduce incentive to take civilians hostage. militant groups are have been active in africa and sahara region where foreign companies are extracting resources. gunman at a facility in january taking workers hostage. japanese, and french nationals were among those killed. u.s. president barack obama defended his government's top secret program to gather personal data to counter terrorism. he said the agency acted in compliance with the law. the g-8 leaders are also discuss ing the restriction of the ability of multinational corporations to avoid paying taxes. the leaders will issue a joint declaration later in the day to wrap up the summit. yahoo is the latest company to announce it's received demands for us
korea's economic program may be a factor. leaders in pyongyang need to rebuild their country's economy. and normalizing their relations with the japanese could be the key to getting financial compensation for the years. north korean leaders may also have another goal. they may be hoping their new openness will help to achieve direct talks with the united states. takahide nagasuna, nhk world, pyongyang. >> up next the world weather forecast. ♪ >>> and that's it for this hour of "newsline." on behalf of our team, thank you for staying with us.
-sized businesses. japanese banks are turning to rapidly growing asian economies to expand their business operations. early last month, sumimoto mitsui banking corporation decided to invest about $1.5 billion in the lender bank tabungan pensiunan nasional. >>> japan's most revered mountain has been chosen as a unesco world heritage site. the iconic mt. fuji has become the country's 17th site to be awarded world heritage states. >> adopted. >> [ speaking foreign language ]. >> the world heritage committee decided to designate mt. fuji as a cultural heritage site at the meeting in the cambodian capital of phnom penh. members have been screening 30 heritage candidates. they have also endorsed other sites including the sand sea in namibia and mt. etna in italy. mt. fuji is japan's highest peak. it has been regarded as a sacred site for centuries. it also has been an inspiration for japanese art and culture. the governors of the prefectures of yamanashi and shizuoka, which straddle the mountain, expressed gratitude at the meeting. >> we'll continue to do our utmost to preserve the natural environment and
Search Results 0 to 17 of about 18 (some duplicates have been removed)